MGEX sees second-best fiscal year

MINNEAPOLIS, MINNESOTA, U.S. — MGEX announced it had its second-best fiscal year at 2,320,880 contracts from September 2017 to August 2018.

The 2017-18 fiscal year was the fifth consecutive year in which MGEX’s total volume has surpassed two million.

Additionally, MGEX said 2017-18 was the second-best fiscal year of all-time for Total Electronic Volume with 2,040,152 contracts traded electronically.

“The Exchange is excited to see the strength of volume and open interest continue in the North American Hard Red Spring Wheat contract,” said Mark G. Bagan, president and chief executive officer of MGEX. “This success can be attributed in part to the ever-growing confidence the marketplace has in MGEX and its risk management products.”

Rogers Foods recently invited World Grain to tour its expanded flour mill in Chilliwack, British Columbia, Canada. An article about the mill expansion and other recent company activities will appear in the April issue of World Grain.